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Pakistan Stock Exchange Halts Trading for One Hour after Decline in KSE30

Taarek Refaat Pakistan's stock market halted trading for an hour this morning, following a decline in the Karachi 30 index (KSE30), according to a statement on the exchange's website. The move was part of an automatic stop-loss mechanism that is activated when the index falls by 5% or more during a trading session. After trading resumed, the index continued its decline, falling 6.19% amid heavy selling pressure. The decline comes amid waning investor sentiment following escalating military tensions with neighboring India following a militant attack last month in disputed Kashmir that left 26 people dead. Yesterday, India carried out targeted military strikes against Pakistan, which claimed to have shot down five Indian aircraft. Pakistani Defense Minister Khawaja Asif described the incident in a television interview as "not hostile acts, we are just defending our territory." "Reports of the downing of Indian drones in Pakistan indicate an escalation," Ali Raza, head of global equities trading at BMA Capital Management in Karachi, told Bloomberg. "Unless there is a ceasefire or a diplomatic shift, tensions will remain high, which will weigh on investor sentiment," he added. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple